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JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE 10-YEAR TECHS

(Z1) Bearish Price Sequence

AUSSIE 3-YEAR TECHS

(Z1) Off Recent Highs

US 10YR FUTURE TECHS

(Z1)‌‌ Support Appears Exposed

Bearish Risk Present

EURO-STERLING TECHS
  • RES 4: 0.9220 High Sep 22 and a key near-term resistance
  • RES 3: 0.9190 61.8% retracement of the Sep 11 - 28 sell-off
  • RES 2: 0.9162 High Oct 7 and the bull trigger
  • RES 1: 0.9132 High Oct 10
  • PRICE: 0.9043 @ 17:39 BST Oct 12
  • SUP 1: 0.9028 Low Oct 12
  • SUP 2: 0.9025 Low Sep 28 and the bear trigger
  • SUP 3: 0.9000 Round number support
  • SUP 4: 0.8967 76.4% retracement of the Sep 3 - 11 rally

EURGBP failed last week to hold above trendline resistance drawn off the Sep 11 high. This suggests the cross is vulnerable to further weakness. The move lower Monday highlights this risk with key support at 0.9025 exposed, Sep 28 low. A break of this level would confirm a resumption of bearish trending conditions and open 0.8967, a retracement level. On the upside, firm resistance has been defined at 0.9062, Oct 7 high.